Friday, 1 March 2013

Sukuk initiative launched in Dubai

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday announced an initiative to transform Dubai into a global centre for Islamic bonds (sukuks). The initiative, called Transforming Dubai into a Global Centre for Islamic Bonds, is the first executive plan following Shaikh Mohammad’s January 9 declaration to develop Dubai into a centre for Islamic finance.



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Sukuk initiative launched in Dubai

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